Apple, Boeing, Intel and other major US companies could be hurt if China retaliates [CNN]
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Source: CNN
These American companies could lose in a trade war with China A trade war with China could be very bad news for some of America's largest companies. Stocks sank Thursday as investors worried about the Trump administration's announcement of new tariffs on Chinese imports. If China retaliates, life may become difficult for Apple, Boeing, Intel and other multinational companies in the Dow and S&P 500 that have started to do more business in the world's most populous nation. Apple ( AAPL ) generated $18 billion in revenue -- 20% of its total sales -- from China in just its most recent quarter . Boeing's ( BA ) China sales last year were nearly $12 billion, almost 13% of its overall revenue. Chip giant Intel ( INTC ) -- as well as fellow semiconductor firms Texas Instruments ( TXN ) , Nvidia ( NVDA ) , Micron ( MU ) and Qualcomm ( QCOM ) -- also have a big presence in China thanks to manufacturing plants there and Chinese tech companies that use their processors. The
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